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...Navy said it had discovered faulty welding and incorrect coding of electrical wires in the AIM-54C after a team of technicians disassembled a production-line missile last month. The Navy has already received 2,500 Phoenixes and has 373 more on order this year. A Navy technical team in Tucson is dissecting two more Hughes missiles to determine how serious the slip-ups have been. In the meantime the Navy is soliciting signs of interest from other suppliers. Said a Navy official: "I have a feeling this will shake things up quite a bit and Hughes will rapidly...

Author: /time Magazine | Title: The Military: Sighted Missile, Sank Same | 7/16/1984 | See Source »

After 14 days on the stand in Los Angeles, however, Hoffman was still unchopped. He gave lengthy testimony and shot off an occasional "Incorrect" or "That's not what I said" when he thought Weitzman was misleading him. Above all he was candid. Why had he become a Government informer? "To stay out of jail." Hadn't he evaded income taxes for seven years? "Yes." At one point Hoffman became so eloquent that even the most skeptical onlookers were impressed. Money was of course a factor in his Government work, he allowed, but so was "the small amount...

Author: /time Magazine | Title: Trials: The Fat Man's Song | 6/18/1984 | See Source »

...assertion in TIME about my salary is incorrect. The fact is my total compensation dropped 4.2% in 1982. My compensation (salary and bonus) in 1981 was $1,448,883 and in 1982, $1,388,072. It did not, as TIME claims, increase 36% in the face of the company's 1982 drop in earnings. Unfortunately, instead of researching the piece with sources available here at Mobil, TIME appears to have relied upon a secondary source. Clearly, the research was faulty, at least to the extent it touched...

Author: /time Magazine | Title: Letters: May 28, 1984 | 5/28/1984 | See Source »

...editorial claims that Bok has made sure that Harvard doesn't invest in companies which don't sign the Sullivan principles." This is incorrect I refer Mr. Howe and the reader to an article in the Crimson dated March 23, "Harvard Tied to Nine Firms Ignoring Sullivan Principles." Harvard owns "more that $140 million in companies operating in South Africa that have not signed or have refused to comply with the Sullivan Principles." This represents more than 25% of Harvard's portfolio Further, the Sullivan Principles, denounced by Black South African leaders as purely cosmetic and a tool...

Author: NO WRITER ATTRIBUTED | Title: Bok And Divestiture | 5/11/1984 | See Source »

...Ocean, the South China Sea and even the Caribbean (see map). The cruiser Leningrad was reported to have left Cuba in company with other Soviet vessels, their destination unknown. Although early reports that Soviet ships were conducting auxiliary exercises in oceans other than the North Atlantic seemed to be incorrect, just tracking the global movements of Moscow's fleet created headaches for the U.S. Navy. For the second time in twelve days, the game of "chicken at sea" that skippers from both superpowers frequently play led to a potentially serious incident...

Author: /time Magazine | Title: East-West: Moscow's Muscle Flexing | 4/16/1984 | See Source »

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